At this point, the prevailing view of Bitcoin is that it's digital gold. Like gold, it is inherently valuable because it is scarce, with a finite supply. Unlike gold, however, it is easily stored. The value of all the gold in Fort Knox can be held on a thumb drive. These features make it a great store of value.

Bitcoin reached an all-time high above $89,000 on Monday, amid enthusiasm that digital assets may face a more friendly regulatory environment after Donald Trump, who is considered pro-crypto, won the U.

The previous Trump term saw corporate tax cuts that brought more liquidity to markets, encouraging investment into cryptocurrency